Renting multiple houses by the room

[Mike F.]

I'm currently renting out 2 SFR houses by the room in an area that attracts young professionals and am loving the high cash flow.

Im a little disorganized,  and with having a full time job I am starting to get overwhelmed with managing utilities and turnover and am questioning if renting by the room is feasible on a large scale business model of 10+ houses. 

Is there anyone out there that rents by the room on a large scale? What is the best way to manage utilities for renting by the room for multiple houses? Are their property managers that will manage by the room? 

Regards , 

Mike 

Ignore: vancouver Washington , San Francisco San Diego ,  Seattle , Houston , house hacking, college students, adu ,  Portland,  Denver 

[Jackie Lange]

If you get larger properties, you could convert the house in to an assisted living home.  You'd rent by the room.  But you get get a LOT more then than the way you are doing it now.  You can hire a manager to oversee the entire operation.  Some of my subscribers are getting $30,000 to $70,000 a month from ONE house doing assisted living homes.   

Basically, you can do one deal then retire!

You could also set up the house as an assisted living home, then lease the whole operation to a different company who runs the business.  This will still get you twice as much rent as you could get renting to a single family or person.